Some European clubs have used the loan system to keep a large number of talented young players on their books, giving them a chance to play first team football elsewhere and often subsequently selling them on for a profit.
FIFA had said earlier this year that its stakeholders committee, featuring representatives from clubs, leagues, players and national associations, had backed proposals to reform the transfer system.
Following a meeting in London in September, the stakeholders committee had agreed that loans should be used for the purpose of youth development as opposed to “commercial exploitation”.
It also backed stronger regulations for agents including limits on how much they could earn and on how many different parties they could represent in a given transaction.
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